The Thai Baht has become hugely more expensive in a few days. I don't think it's good for the economy. Bought a piece of land at the beginning of last week at 34,42. Now that I want to transfer money, the country has suddenly become € 1.145 more expensive due to the increase in the Baht. Hopefully that will change? Doesn't seem calm to me for tourism and Thai exports.
Buy Thai baht now or better wait?
My question is what to do? Buy baht or wait? Last year around June 27 – 28 I got 191,250 baht for 5.000 euros. Now I only get 174,750 for 5.000 euros. That is 16,500 baht less in a year or 470 euros more expensive.
Has the value of the Thai Baht been manipulated?
The Thai bank states that it has not manipulated the Thai Baht in order to achieve an advantage in exports. The Central Bank of Thailand has regular consultations with the US Ministry of Finance on this subject and has stated that Thailand does not participate in foreign exchange trade in order to gain a trade advantage.
Pay with a Belgian Master Card (KBC)?
When I pay in a shop or restaurant with my Belgian MasterCard, people regularly ask me whether I prefer to pay in Euro or in Baht. Does anyone know if that makes any difference and if so what is the cheapest?
Strong Thai Baht bad for export and tourism
Exporters in Thailand are concerned about the appreciation of the Thai Baht against the US dollar. They therefore hope that a new government will stabilize the volatile baht so that it aligns with the currencies of regional and trading partners.
Why is the exchange rate of the Thai Baht falling so quickly?
Which financial expert can explain to me why the Thai Bath is falling so quickly. (Almost 8% in one year). Does this only depend on the state of the Thai economy (for example, a decline in tourism from, say, China), the political direction, or are there other factors that play a role here?
How much Thai Baht can you import into Thailand from the Netherlands?
How much Thai Baht can you import into Thailand from the Netherlands? I can get them cheaper here. Is that 10.000 Baht or more? Can Baht notes expire? Is there a possibility that they will no longer be accepted? Is there a website that shows which notes are still in circulation, perhaps from the National Bank of Thailand?
The baht has devalued against the US dollar in the past two months. According to the Central Bank of Thailand, the Baht will continue to depreciate against the dollar in the near future. Still, I don't see much of that when I look at the Euro. Why doesn't the Euro increase in value so that I get more Baht for my Euro?
The Thai currency: Is it bhat, bath or baht?
What strikes me as an editor of this weblog is that even expats who have lived in Thailand for decades still do not know how to write the Thai currency. Especially the position of the 'h' seems to be a tricky one.
After 70 years, a new face for Thailand's money
The money in Thailand has a new face after 70 years. Since today King Maha Vajiralongkorn can be seen on the coins and banknotes.
Reader question: Does the 20.000 baht requirement also apply if you re-enter Thailand?
Does the requirement of 20.000 baht (or equivalent in certain currencies) also apply if you re-enter Thailand with a valid re-entry permit if you still have plenty of time on your current retirement (or other…) extension?
The Ministry of Finance wants less strong baht
The Ministry of Finance is concerned about the strong baht. The baht has appreciated in value due to the inflow of foreign capital.
The current international exchange rate has long given a picture of a rising Baht and falling Euro. Still, things don't look very good for the economy in Thailand. Exports hardly increase, partly due to the strong baht; the average population has little to spend while debts are sky-high.
In view of the market developments, I would of course like to come back to my article about the exchange rate of the Euro/Baht of February 23rd.
In the comments, at 15.29:1 PM, I gave my prediction for April 36.60, XNUMX Baht.
Price EUR/THB at important support level
Predicting prices is a tricky business. Some have a day job, with varying results, you can predict that.
Are there fewer tourists due to the strong Baht? You now only get 37.5 baht for 1 euro. So many things are just expensive in Thailand at the moment. My question is, does a tourist pay attention to this before booking his holiday?
Worry about expensive baht: BoT does not want to intervene
The Bank of Thailand (BoT) understands corporate concerns about the expensive baht and the impact on exports, but it has no plans to intervene.